KnoxFS is a Bitcoin-based cryptocurrency with a focus on decentralized data storage, distribution, privacy, and security. It aims to provide an innovative, secure and private storage applications to the non-blockchain and cryptocurrency-based world for both consumers and companies around the globe. KnoxFS utilizes existing third-party opensource storage networks, which enables scalability, flexibility, and redundancy. The project was founded late 2017 and was named Aegeus. The initial goal was to develop a decentralized storage network based on IPFS technology. Aegeus rebranded to KnoxFS in 2020 and made a pivot later that year. A new team and leadership switched focus to create storage applications for third party networks. This change of strategy enabled KnoxFS to speed up development and shorten the time to market, while at the same time expanding the potential userbase and actively pursue strategic partnerships. Our long-term goal of KnoxFS is to offer a range of applications (‘products’) that are commercially viable, all centered around decentralized storage with a broad userbase. Additionally, the self-developed software solutions will have the KFX currency as a payment option and therefore drive demand for the coin.
The unique feature of KnoxFS products is that they will offer people the possibility to use storage resources on multiple networks, without having to own all these different coins as payment.
The best description for KnoxFS is a software developer supported by blockchain technology. We develop software applications during the crypto trend utilizing a cryptocurrency. Our core business is developing software solutions based on decentralized storage. There is a growing demand for secure ways to store private data without having to trust this data in the hands of big tech corporations (centralized). It is KnoxFS’s ambition to offer a broad range of different decentralized storage solutions to various customers. The essential difference between the KnoxFS storage app and well-known apps such as Dropbox is that files will be stored on decentralized third-party storage networks. Completely safe, secure, and private!The premium version will have KFX as a primary currency for payment. If additional payment options will be made possible (most likely Bitcoin and fiat), then users that y with KFX will be discounted. By giving an incentive to pay with KFX, we want to promote KFX and drive demand for our native coin. One of the premium features that will be included in the first version, is the ability to store metadata on the KFX blockchain. The metadata can describe the characteristics of a certain file that is stored in the application. A user can, for instance, add his/her name, file type (public/protected), target network (Sia, Storj, File), recipient, date stamp, or other information to the upload. Because this data will then be stored on the blockchain, it will always be verifiable via the blockchain explorer and could work as a ‘proof of storage’. This could be interesting for legal reasons or to ‘certify’ a file upload because the added metadata can be permanently stored on the KnoxFS blockchain and will never be editable again.
KnoxFS technology will be based on a decentralized storage system (DSS). As in so many areas, blockchain technology has the potential to fundamentally disrupt this entire storage industry by relying on new paradigms. In recent years, many projects around these new ways of storing documents have been developed but as of today, none of these solutions offer easy access usable by users without technical knowledge. KnoxFS will therefore rely on a hybrid distributed technology based on Software Defined Networking (SDN) and a Peer-to-Peer (P2P) network while remaining agnostic to the underlying storage infrastructures (DSBS). This non-dependence on a single backend solution will be ensured by the KPD component which must be modular enough to interface via plugins to the various suppliers (PSI and SSD).
A Supernode is different from a regular Masternode, as described in the chapter ‘Masternodes and staking’. A Supernode contains all the operating components of the product (a database, web server, storage access components, local storage, APIs, etc). The more Supernodes there are, the more decentralized the solution will be. A Masternode on the other hand only executes the KFX blockchain.
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